If Bitcoin wants to break through the $100,000 mark, there are only two possibilities: first, ETF fund inflows hit a record high, significantly boosting market confidence; second, around December 10, Microsoft’s Bitcoin investment If the plan is successfully passed, it will inject strong impetus into the market. Referring to MicroStrategy's previous purchase scale of US$4.6 billion, Microsoft's potential investment cannot be underestimated. Once it is implemented, it is almost certain that Bitcoin will exceed 100,000.
Recently, the price trend of Bitcoin has also shown some new characteristics.
When Bitcoin rises, altcoins do not follow; when Bitcoin falls, altcoins do not fall. This phenomenon shows that the market is in a "bleeding" stage, funds are gradually shifting from Bitcoin to altcoins, and the return of liquidity has driven the activity of the altcoin market. Some altcoins that we have deployed in advance are also beginning to show their potential. Even if Bitcoin adjusts at a high level, altcoins are still strong. This is a good sign, and Ethereum has taken over the market baton.
Regarding Bitcoin itself, fundamental support remains strong. MicroStrategy’s holding cost is around $88,000, so it provided strong support during the last price correction to $90,000.
Yesterday, the company invested $1.5 billion to increase its holdings of Bitcoin at an average price of $95,000, further consolidating the key support range. Therefore, Bitcoin currently has low risk in the short term and still has room for growth in the medium and long term.
However, for investors holding Bitcoin, I have previously suggested that when the price breaks through $100,000, they can consider reducing their positions by 20% to lock in some of the gains. It should be emphasized that this is a strategy for Bitcoin positions, not altcoin positions, because our investment goal is to make a profit, and we need to learn to gradually exit at the right time, rather than holding to the top.
In contrast, Ethereum's performance and prospects are more eye-catching. As of last Friday, the inflow of funds into Ethereum ETFs has surpassed that of Bitcoin ETFs, which is an important market signal. Bitcoin has gradually become a "special product" for institutional investors due to its high price, while Ethereum has a relatively low price and higher volatility, thus attracting more attention and capital inflows.
How can BTC break 100,000? 3 altcoins to ambush before the next sector rotation!
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ONDO is a leader in tokenized finance backed by BlackRock, whose core narrative focuses on integrating traditional finance (TradFi) into on-chain finance (DeFi) and achieving deep integration of the two through innovation. This vision enables ONDO to attract liquidity from traditional finance into the blockchain field while using cryptocurrencies as collateral for investment in traditional financial markets.
ONDO is building the next generation of financial infrastructure, aiming to improve market efficiency, transparency and accessibility. This innovative model not only enhances the interaction between cryptocurrency and traditional finance, but also provides a foundation for promoting the sustainable development of the on-chain financial ecosystem.
It is worth noting that ONDO shares the same Wall Street market maker as Sol Tia and is strongly backed by BlackRock, which provides great confidence endorsement for its position and development in the market.
VET
VeChain, a blockchain network in the field of environmental sustainability and tokenization, has been committed to innovating the industry through blockchain technology since its launch in 2015. Recently, the price of VET has soared by 129.82%, rekindling the market's enthusiasm for this "old coin". This outstanding performance demonstrates its resilience and influence in the highly competitive blockchain field.
Market analysts are optimistic about the future of VeChain. Senior expert Schofield pointed out that VET has recently broken through a key trend line and may rise another 20% in the next few days. Its current relative strength index (RSI) is 63, showing that the market's bullish sentiment is still strong. At the same time, the fear and greed index reached 80, indicating that investor confidence is high and market sentiment is in an extremely greedy state.
According to Coincodex’s forecast, VET has great potential in the coming years. It is expected that by March 2025, the price may reach $0.1, with a potential return rate of up to 293%. At the current price, a $1,000 investment is expected to grow to $2,691.
In addition to market performance, VeChain's expansion in real-world applications is also worth noting. Its cooperation with Renji Hospital has promoted innovation in reproductive health care using blockchain technology, and VeSwap is also constantly expanding application opportunities in the Web3 ecosystem. In addition, VeChain's cooperation with major companies such as Walmart China and BMW highlights its strategic position in the field of supply chain transparency and real-world assets.
YGG
The price of YGG is currently hovering below the key resistance level of around $0.70. To further break through and reach $0.80, the market needs to provide stronger support. $0.70 is an important psychological level. If it is successfully broken, it may open up new space for further price increases.
One of the potential catalysts for YGG's breakthrough is the "Purification Event" that is about to end. If the event can receive a positive response from the market, it may be the key to causing the price to break through resistance. Such events often inspire bullish sentiment among investors, thereby injecting more momentum into the market and pushing prices higher.
